Business news

Business

Grand Theft Auto VI presales to begin next week

Pre-sales of Grand Theft Auto VI, the feverishly anticipated video game release, will begin June 25, Rockstar Games said Thursday.

Business

Apple CEO says AI boom makes price increases 'unavoidable'

Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices of its products, according to an interview with The Wall Street Journal ...

Business

Sovereignty fears dog AI enthusiasm at France's Vivatech

Europe's biggest tech trade fair VivaTech opened its doors Wednesday in Paris, putting American billionaire Jeff Bezos front and center on its guest list as enthusiasm for generative AI rubs shoulders with anxiety about the ...

Business

Gulf Coast coal holds billions in critical minerals, but the economics are tricky

Researchers from The University of Texas at Austin have found that there is a significant amount of rare earth elements trapped in the coal and coal ash supply of the Gulf Coast—with a total value of more than $187 billion.

Business

EU rejects Apple blame for delayed Siri AI rollout

The EU on Tuesday rejected Apple's blame for the delayed rollout of its AI-enhanced voice assistant, saying it was up to the U.S. giant to make products that follow the rules.

Business

How do jet fuel changes actually affect airfares?

As concerns grow over global fuel supplies and the cost of flying, new research from the University of Adelaide shows the relationship between jet fuel prices and airfares is not as simple as passengers might think. The study ...

Consumer & Gadgets

Apple tries again on AI, turns to Google for help

Apple unveiled an artificial intelligence overhaul for the iPhone on Monday, turning to Google for help two years after the company stumbled in its first attempt.

Business

Coinbase power play sparks crypto rift as key bill gets delayed

It was a rare White House rebuke to the crypto industry: Don't take your newfound political muscle in Washington for granted. A week after Coinbase Global Inc. Chief Executive Officer Brian Armstrong helped stall sweeping ...

Internet

Meta pauses teen access to AI characters

Meta is halting teens' access to artificial intelligence characters, at least temporarily, the company said in a blog post Friday.

Business

What to know about the deal to keep TikTok in US

TikTok has at last finalized a deal to keep the popular video sharing platform operating in the U.S. after years of uncertainty, but questions remain about whether users' experience will change and whether the changes actually ...

Business

TikTok finalizes a deal to form a new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans.

Business

Why AI has not led to mass unemployment

People have become used to living with AI fairly quickly. ChatGPT is barely three years old, but has changed the way many of us communicate or deal with large amounts of information.

Business

Dazzling Chinese AI debuts mask growing pains

Investor confidence in Chinese AI startups is riding high, but obstacles to their long-term success range from US export controls to the puzzle of how to become profitable.

Business

FTC appeals Meta's court victory in monopoly case

The US Federal Trade Commission said Tuesday it was appealing a court ruling that dismissed its antitrust case against Meta, insisting the tech giant illegally monopolized social media.

Business

EU won't ask Big Tech to pay for telecoms overhaul

The EU will not force the world's biggest tech companies to pay for the overhaul of Europe's telecoms infrastructure despite pleas from the industry, Brussels announced on Wednesday.